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Crowdfunding: tapping the right crowd
BELLEFLAMME, Paul; LAMBERT, Thomas; SCHWIENBACHER, Armin - Center for Operations Research and Econometrics (CORE), … - 2011
The basic idea of crowdfunding is to raise external finance from a large audience (the “crowd”), where each individual provides a very small amount, instead of soliciting a small group of sophisticated investors. The paper develops a model that associates crowdfunding with pre-ordering and...
Persistent link: https://www.econbiz.de/10010610459
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Credence, goods and product differentiation
GABSZEWICZ, Jean J.; RESENDE, Joana - Center for Operations Research and Econometrics (CORE), … - 2011
This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. We provide sufficient conditions for the existence of a unique price...
Persistent link: https://www.econbiz.de/10010610483
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Market transparency and Bertrand competition
KNAUFF, Malgorzata - Center for Operations Research and Econometrics (CORE), … - 2006
We investigate the effects of market transparency on prices in the Bertrand duopoly model for both the cases of strategic complementarities and strategic substitutes. For the former class of games “conventional wisdom” concerning prices is confirmed, since they decrease. The consumers are...
Persistent link: https://www.econbiz.de/10005008307
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Workers’ skills, product quality and industry equilibrium
GABSZEWICZ, Jean; TURRINI, Alessandro - Center for Operations Research and Econometrics (CORE), … - 1997
In this paper we develop a model of a vertically differentiated industry where the production of higher quality goods needs a higher fraction of specialized labour. In the first stage, firms choose the quality of their products, in the second, both good prices and skilled workers’ wages are...
Persistent link: https://www.econbiz.de/10005043148
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Market integration in network industries
MAULEON, Ana; VANNETELBOSCH, Vincent; VERGARI, Cecilia - Center for Operations Research and Econometrics (CORE), … - 2008
What is the effect of product market integration on the market equilibrium in the presence of international network externalities in consumption? To address this question, we set up a spatial two-country model and we find that the economic forces at work may have an ambiguous effect on prices.
Persistent link: https://www.econbiz.de/10005043254
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Compatibility choice in vertically differentiated technologies
GARCIA, Filomena; VERGARI, Cecilia - Center for Operations Research and Econometrics (CORE), … - 2008
We analyse firms' incentives to provide two-way compatibility between two network goods with different intrinsic qualities. We study how the relative importance of vertical differentiation with respect to the network effect influences the price competition as well as the compatibility choice....
Persistent link: https://www.econbiz.de/10005043281
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Vertically differentiated goods and labour markets. A note on quality, quantity and welfare
TURRINI, Alessandro - Center for Operations Research and Econometrics (CORE), … - 1997
In a vertically differentiated oligopoly where the high quality variant of the good requires the use of the high quality labour (available in¯fixed supply) ¯firms may either all supply the same quality or di®erentiate their product. Only di®erentiated outcomes can be optimal, but the number...
Persistent link: https://www.econbiz.de/10005043449
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Workers’skills and product selection
GABSZEWICZ, Jean; TURRINI, Alessandro - Center for Operations Research and Econometrics (CORE), … - 1999
When the production of high quality goods needs the employment of qualified labour, firms’ decisions concerning quality are affected by the extent to which skills are abundant. By means of a comparison between monopoly and perfect competition, we show how market power in such a context may...
Persistent link: https://www.econbiz.de/10005043455
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Two-sided markets and price competition with multi-homing
GABSZEWICZ, Jean; WAUTHY, Xavier - Center for Operations Research and Econometrics (CORE), … - 2004
framework.Under single-homing there exists an interior equilibrium where networks exhibit asymmetric sizes and both firms enjoy …
Persistent link: https://www.econbiz.de/10005042863
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Networks of manufacturers and retailers
MAULEON, Ana; SEMPERE-MONERRIS, Jose; VANNETELBOSCH, … - Center for Operations Research and Econometrics (CORE), … - 2005
We study the endogenous formation of networks between manufacturers of differentiated goods and multi-product retailers … manufacturer anda retailer. We find that only three distribution networks are stable for particular values of the degree of product … distribution networks that maximize social welfare are not necessarily stable. Thus, a conflict between stability and social …
Persistent link: https://www.econbiz.de/10005042887